Buying a timeshare seems exciting at the beginning but with time it becomes a massive burden. But the bitter truth is that owning a timeshare is a matter of days but getting out of it sounds like a big hassle. Most people get frustrated for paying a high-cost timeshare maintenance fee and they become desperate to get out of it. And exactly where they commit the biggest mistake and end up having a major financial loss. There are so many timeshare scams that have been reported in the last year. So do not rush. Do not take any sudden decision. Here we have a list of steps that you must follow in order to get out of this contract fast.
Write A Cancellation Letter- The first thing you have to do is write a cancellation letter to the authority. But make sure you use proper legal language and for that, you must consult reputed timeshare lawyers. They can write a proper cancellation letter on behalf of you. There are chances that the seller can deny accepting your cancellation request. But if you look at the present law you will realise they can’t legally reject your cancellation request. So if you face such difficulties then talk to your lawyer and ask for their opinion.
Stop Paying- The easiest way to get out of your timeshare contract is to stop making any further payments. This will close your contract automatically. But here you have to remember that if you suddenly stop paying the monthly amount then you may receive a legal notice from the seller’s end. So ask your lawyer before you make any decision. Your lawyer could advise you the best on this.
Contact A Professional Lawyer- One of the finest ways to get out of this burden is to take the help of professional timeshare lawyers. As they are carrying immense knowledge in this field so they can show you all the right paths to get out of this contract fast. Do not take any decisions on your own as it can cause more serious troubles.
List It For Sale Or Rent- Another way to release this burden from your shoulder is by listing it for sale or rent. But here you need to stay aware of the scams and always talk about them to a lawyer to verify the buyer’s authenticity. Do not share any financial information with the buyer before taking permission from your lawyer.
Thus to conclude, you can really get out of this burden by following the above-mentioned steps. Good luck.